The Coming Rally Will Be Monumental

Discussion in 'Trading' started by Daal, Oct 8, 2008.

  1. Daal

    Daal

    down every day jesus.
    this market wouldn't rally if the fed announced it would do open market operations through sp500 stocks instead of bonds :p
     
    #51     Oct 9, 2008
  2. Bot a few deep OTM ES calls today. 150 pnts up from here in Nov. I have one system thats firing weekly buys here. Avg gain in about 6 weeks around 125 ES pnts..guts telling me it goes a lil further. That being said once I put the trade on I considered the money lost. I will check my email for GTC fills selling them.

    Cant get hurt..cant retire. Just a trade.
     
    #52     Oct 9, 2008
  3. Buying long term OTM options with vix at 55 is ridiculous. Even if you get 150 points on ES, you will see 1% of that move as the collapse in implied volatility squashes your returns.
     
    #53     Oct 9, 2008
  4. I`m thinking it goes thru my tgt. Doesnt really matter. Time will tell.
     
    #54     Oct 9, 2008
  5. gnome

    gnome

    That's in the cards...


    Right along with the Global Central Government... and Global Central Police...
     
    #55     Oct 9, 2008
  6. Daal

    Daal

    my god the selling doesn't stop
     
    #56     Oct 9, 2008
  7. kudlow says free market capitalism is the best path to prosperity
     
    #57     Oct 9, 2008
  8. sprstpd

    sprstpd

    And you said to buy SPY at $150. So who is more wrong?
     
    #58     Oct 9, 2008
  9. Looks like gap down tomorrow.
     
    #59     Oct 9, 2008
  10. Well that was fun. This is a bottom. BUY BUY BUY BUY BUY.
     
    #60     Oct 9, 2008